Questions to Ask before Applying for the Productivity Solutions Grant (PSG)

Keeping pace with the ever-evolving digital realm is a must-do when looking forward to driving business growth.And one of the best ways to go about this is by incorporating IT solutions in your business. While it might seem like a costly undertaking, this should never give you sleepless nights.

 

Nowadays, you can leverage the productivity solutions grant PSG and get the financing you need to adopt digital solutions in Singapore. Similar to any other SME grant you take; it always pays off to determine what you’re dealing with in the first place. Here are some of the must-ask questions before applying for the PSG enterprise grant in Singapore.

 

What is the Productivity Solutions Grant (PSG)?

The productivity solutions grant programme is a joint initiative by the Infocomm Media development Authority (IMDA) and Enterprise Singapore. This programme aims to support SMEs in adopting IT solutions and equipment to enhance business processes. All it takes is choose from a list of pre-scoped solutions and receive up to 70% funding support for eligible costs.

 

What Digital Marketing Solutions Does the Productivity Solutions Grant (PSG) Cover?

It’s worth mentioning that PSG marketing solutions revolve in specific industries including wholesale trade, retail, logistics, manufacturing, food, and many more. Not to mention it supports broader solutions that impact a wide range of industries, including telephony tools, online collaboration tools and financial management. 

 

However, never make the mistake of rushing into completing the application form merely because you are in dire need of the PSG funding. After all, you need to be sure your business is eligible for the Productivity Solutions Grant (PSG). Keep in mind your business must be registered and operating in Singapore. It must also have 30% local shareholding, for selected solutions only.

 

Wrap Up

Before leveraging what, the PSG solution grant offers SMEs, you need to ensure you know what it entails. After all, you may end up missing out on the financial assistance you desperately need despite putting in your all.  The good news is you can clear some of the doubts in mind by working with a reputable digital marketing agency in Singapore.

 

One such agency worth checking out in Singapore is the renowned MediaOne Marketing. With years of experience in the field, they will certainly help you apply for the productivity solutions grant in Singapore without strain.